Experts’ Forecast on the Future Growth of Coworking Spaces in India

The startup eco-sphere has been continually growing across all the major cities in India and despite the occasional lull, the various global giants in the office space industry have noticeably shown a considerable amount of interest in the co-working segment. A large number of startups are now looking forward to cutting down on the operational costs of owning or renting exclusive office spaces. This cut down on the operational expenses is enabling the startups to invest more funds in the core business like increasing the production or retaining the talented employees by offering them the desirable higher pay packages. The co-working spaces have become highly popular due to the model of pay-as-per-use with reasonable and defined rates for the set of offered services.

Also, these shared office spaces have certain unique amenities like a food court, crèche services, gaming zones, spa, gym, sleeping pods etc. These all extra amenities have made these offices even more popular. All these amenities boost the morale of the staffs very positively which eventually enhances productivity. The presence of the daycare facilities provided by the trained staffs also brings a great relief to the working couples who can focus well on their work without compromising on their responsibilities of parenthood. The office spaces also have a great atmosphere with great aesthetics and interior design. These factors create a un-cluttered and relaxed environment in these office spaces which alleviate the work stress that is being often experienced by the professionals.

Trends in the co-working spaces expected in 2018

These shared office spaces offer a lot of cost savings which is also coupled with the chances to network with the other entrepreneurs operating from the same work space for achieving certain common goals. So, these shared offices are certainly here to stay and evolve in 2018. Irrespective of the high potential that these shared office spaces have, there are also certain factors which can prove to be obstacles in their rapid expansion. These factors include the following:

• Stakeholders’ orthodox attitude- There are few property-owners who are not been able to understand the concept of coworking completely and they are often found to remain wary regarding the leasing of the real estate assets to the co-working operators. Due to lack of proper awareness, they feel that it is safer to rent out their properties to the traditional businesses. Also, this has been witnessed that India has certain faults in the legal system which acts prove to be deterrents for the co-working space operators to opt for judicial battles against the landowners.

• Agreements of exclusivity- As per the exclusivity agreement, only one co-working operator can be accommodated in one specific building. This leads to the non-optimal usage of space. Hence, there is a limitation exercised on the growth potential of the co-working space industry.

In spite of the above hindrances prevailing in the present times, the future of co-working is forecasted to be very bright by the industry experts after witnessing the increased demand for the co-working offices.

Future growth expectations of co-working offices

The co-working operating companies are the hottest startups in India as they are receiving millions of investments from the top investors. The work culture is gradually evolving with the more and more adoption of the co-working spaces. There is an average of 85% occupancy of the available co-working spaces in India at the present times. This has been proven that a minimum of 20-25% of operational costs can be saved by adopting the co-working spaces. At times, it is even higher depending on the nature of your business.

The experts are of the view that co-working is going to be a dominant trend in India and this is certain that it is not just an ephemeral style which is likely to fade away like mullets and bell-bottom jeans. As per the observations, this is being predicted by several experts that India offers a fertile ground for the immense growth of the co-working spaces. The reasons that account for the high demands of co-working spaces are the booming ecosystem of startups and the large list of flexibility attached to the co-working spaces.

Big investments are already in
India has been witnessing the demand for the co-working spaces not only from the startups and freelancers but also from the major business conglomerates and corporations. The expected funding in the co-working space provider companies is expected to be $400 million in 2018. 70% of the business opportunity is expected from the big corporations.

Crucial statistics related to the Indian co-working phenomenon

Delhi, Mumbai and Bangalore are the cities which are already experiencing a rapid growth when it comes to the demand for the coworking spaces. The expectation is that there would be around 400 shared offices across India by the end of 2020.

In 2018, the experts from this industry are predicting there would be a rise of the exclusivity agreements. This would mean that there would just be one coworking space in a single building. This is proving to temporarily dampen the market of the coworking operators and also lead to the non-optimal usage of the amenities and space. There are big players like Cox & Kings, Sequoia and Paytm already invested in the coworking space market and thus they may face a temporary setback in 2018.

The experts from this industry are forecasting that the co-working spaces would soon do away with the lease-based models which have certain restrictions attached to the same. They are likely to implement a unique ownership model which offers even more flexibility at an even lesser price. The demand for co-working spaces are skyrocketing at the present times and this is a sign that the future growth of the co-working spaces is obviously on the cards.

For sharing your views and experiences regarding the co-working spaces, please feel free to write back to us in the comment box below.

10 Reasons for Trade Show Booth Failures

For exhibitors, generating leads from a trade show booth is a difficult task. Just setting up a booth to make your presence felt in the crowd is not enough. You need to consider other factors such as teamwork, goals and incentives. If your exhibit has failed previously, then it wasn’t your bad luck. Several drawbacks such as lack of planning, professional teamwork and pleasantries might be the cause.

Here is a rundown of reasons that make a trade show booth fail at an exhibition.

Lack of preparation
A trade show requires a lot of preparation without which failure is almost certain. You need to travel to the place of the event before the main event date. This is necessary to chalk out the requirements needed for a successful trade show booth. You also need to ensure that you and your team have enough rest before the main event date to appear fresh and attentive on the show day.

Undefined goals
A trade show without any goals is equivalent to not participating at all. If you don’t know the motive behind your booth then how can you expect the desired result? With a clear objective of the purpose, you will be able to generate leads from it and not go haywire.

Inattentiveness from the team
If your team is careless at the trade show booth then you won’t be successful on the floor. Your team must be enthusiastic, attentive and interactive to generate leads from the show. The audience in your booth should be actively engaged and entertained for the best results.

Missing open-ended questions
If you or your staff fail to ask open-ended questions then you’re bound to fail. Just talking about your own company without engaging the potential customers is a no-no. It makes the customer lose interest and leave the booth. An open-ended question like, ‘How did you learn about our products?’ is a good way to begin a conversation.

Absence of incentives
The attendees look forward to receiving incentives other than brochures. Only having flyers, leaflets and pamphlets talking about the company and products are not enough to interest them. Incentives such as discount coupons, giveaways or free consultation work great in this aspect.

Not following up
If you feel that your job ends with the trade show, then you’re highly mistaken. Your main aim of participating at the event is to convert leads into customers, which should be done after the show is over. Follow up with them by making phone calls or sending newsletters.

Selecting the wrong trade show
The wrong selection of trade show leads can be to a major hit to ROI. For instance, if your company deals with electronic products, then choosing an event of builders is a big no-no. Instead, opt for electronic or home appliances shows for better results.

Not paying attention to promotions
Lack of promotion of your company or products won’t bring you your desired results. You need to advertise well to gain recognition in the crowd. The display banners and other modes of promotion should be well-lit and prominently visible for attracting the potential customers.

No creativity
A pale and boring trade show booth will never attract visitors, no matter how well you train your staff. With proper creative efforts such as catchy taglines, proper presentation of products and interesting souvenirs you can make an impact on the visitors.

Unable to handle the audience
If too many clients end up in your booth and your team is unable to cope, then your event won’t be a hit. You need to be able to handle as many clients as possible without getting derailed. If you’re well prepared, then nothing can stop you from having a successful trade show.

The Benefits of Virtual Meetings and Web Conferencing Services

Web conferencing services have become common and have replaced the phone call to most of the people, as some of the web conferencing application provide video calling at affordable costs than a regular phone call.

Virtual meeting, better known as web conference or digital conference, gives you a platform to communicate with other people with the help of internet connectivity and computer. Web conference services used to be complicated and ineffective around 4 – 5 years back, but the current technology has given a lot of options for people to web conferencing service effectively and freely.

Here are four imperative benefits of using online web conferencing programs services on a day-to-day basis

1. Cost effective compared to physical meeting

Web conference services are cost effective in every possible angle, as the services would be in need of a computer or a mobile along with internet connectivity. To a physical conference, you have to spare time, money to travel, cost to stay and so on. A digital connectivity has given huge benefits regarding using web conference option on a regular basis.

2. Easy connectivity from every place in the world

The online conferencing is not a baby technology anymore, where the connection was never stable. The web conferencing technology has improved to a great extent and provides flawless connectivity from any part of the world. You can use the online conferencing services for both official and personal purposes, as there are multiple numbers of applications that you can use to initiate a virtual meeting.

3. Best to use in different devices and gadgets

You can do online conferencing both on the computer and on mobile phones. Most of the smartphones give out an option for users to have a web meeting on a regular basis without paying any cost. As technology is advancing at a rapid speed, some of the applications are available free of cost both in mobile and in the computer, which can be used to make long distance calls without paying a dime.

Industrial Applications of GPS Trackers

Heavy Vehicle Guidance

The mining and constructions industries today rely very heavily on GPS monitoring, tracking and navigational data and this is primarily because highway constructions, surveyors and marker pegs have been replaced with in-cabin vehicle guidance and control systems for excavators, graders, bulldozers and road paving machines.

These modern and advanced specialty vehicles enable their highly trained drivers to program their vehicles to respond to pre-programmed site plans, thereby enabling the vehicles to achieve close tolerance parameters for position, level and gradient. GPS technology is specifically integrated for high-precision applications in open-cut mines such as vehicle and equipment tracking and mine asset management. In such hi-technology integrational applications, GPS critical data is acquisitioned and decoded by sophisticated IT systems and meshed with other engineering applications to provide multifunction guidance and control. Companies that have integrated their vehicles and mine management systems include Leica Geo-systems, Topcon Positioning Systems and Trimble / Caterpillar.

Surveying, Mapping and Geophysics

Advanced GPS survey-grade technology utilize L1 and L2 signal frequencies to position survey markers, buildings, bridges, airports, harbors, railway stations and various other large infrastructures. This technology is also used to determine aerial mapping, terrain data, through the Geographical Information System (GIS) applications.

GPS is widely used in the acquisition of terrain and aerial mapping data, sensitive physical formations such as volcanoes and earthquake fault lines and the tracking / monitoring of seismic and incipient activities. This important seismic data is transmitted to TV and other news channels for early warnings to the public so that adequate precautionary measures are taken well in time.

Telecommunications

One of the major highlights in the characteristics of GPS satellite technology is the accuracy, reliability and stability in the synchronicity of its technology and this has proven to be very compatible for telecommunications applications. It has been observed that GPS synchronized technology enables adequate synchronization of Coordinated Universal Time (UTC) time through the resolution of signals from discrete atomic clocks at specified locations. Although ground-based Chip Scale Atomic Clocks (CSAC) are quite accurate for this purpose, the synchronization of the CSACs is rather problematic without the GPS satellite technology.

Financial Services

As the local and international markets are fast globalizing, the global finance system that enables, governs, schedules and prioritizes digitalized monetary transactions, funds transfers and audit trails is becoming more and more contingent upon high precision time systems. Today, 80% of the millions of daily global retail transactions are done through credit and debit cards. GPS satellite technology integrates perfectly with on-board atomic clocks in order to allow high-speed and high precision local and global transactions.

What You Need To Know Before A Date Night At A Cinema Brewery

Life can be unpleasant, and notwithstanding when we have uncommon individuals around us to help mellow the cruelty of living, it is still quite simple to feel down. Likewise, we can have a tendency to invest more energy in less critical things than our exceptional somebody, so what better approach to make things ideal than by looking at a neighborhood film distillery?

Alright. In this way, perhaps that is not exactly the most ideal approach to cover things up with your loved one on the off chance that you’ve been under mindful, yet a film bottling works might be exactly what you have to make things appropriate for a truly necessary night out.

There aren’t two sweeter words than ‘night out on the town’. It is a period when you and your uncommon somebody can shed the substantial weight of the world and simply center around one another. While it tends to be an awesome time to make the worry of life fall away, it can likewise represent its very own issues. In the event that this is the one night you are making exceptional, you would prefer not to botch it up by picking the wrong motion picture or having a terrible feast. You have to make things ideal from the “get-go” and this implies completing a little homework. Enter the film bottling works.

Film bottling works pack a genuine punch in the excitement class, and if there is one thing you need to do out on the town night is have an incredible time. However, taking advantage of a night out means knowing where you will hang out, and in the event that you don’t have much involvement with film bottling works, it’s imperative to comprehend what’s in store before making it the establishment of your night out.

Here are a few interesting points:

You Can Get Dinner and Drinks All In One Place – Cinema distilleries give some genuine blast to your buck. You can not just get a shot at observing first-run motion pictures, yet the best places have an on location bottling works with specific brew choices for supporters.

A Stepped-Up Food Game is Where It’s At – Sure, you can watch a motion picture with the standard salty popcorn or boxed treat, however you would now be able to have gourmet burgers, new plates of mixed greens, and executioner pastries. Discuss a win-win, isn’t that so?

Hang Out Even If You Don’t Catch A Movie – The possibility of a film implies motion pictures, yet you don’t need to really look at a motion picture. Focal social occasion territories are a piece of the experience, and having a place you and your date can simply “chill” while having a beverage and a dinner is really sweet.

Experience The Familiar In A New Way – Date evenings with films, supper, and beverages are predicable. It’s been done previously yet not exactly like this. It very well may be anything but difficult to stall out in a comfortable trench with those you cherish the most. In any case, at times spicing up the commonplace might be all you require.

Night out at a film bottling works can be exactly what you and your unique somebody have been missing to make your one night from now out on the town a genuine impact as well as something extremely paramount.